Aberdeen has completed the final closing on its Credit Suisse acquisition, creating a £133.1bn asset manager.
Credit Suisse will obtain 240 million new ordinary shares, equivalent to 23.9% of the enlarged Aberdeen group. Based on Aberdeen's closing share price of 124 pence on 30 June, the transaction is valued at £297.6m.
At 31 May, the Credit Suisse business, excluding the Asia Pacific operations already moved over, was £29m, or £28.9bn when excluding market movements.
The total Credit Suisse assets acquired equals £36.4m, at 31 May.
Aberdeen chief executive Martin Gilbert says the group has worked well with Credit Suisse to ensure a smooth integration.
"The way our two businesses have come together has been very encouraging and confirms my belief that this transaction will be of great long-term benefit to our shareholders and also our existing and new clients, whom I would like to thank for their continued support throughout this process," he says.
"In these volatile market conditions, financial stability has become more important than ever and this acquisition confirms our position as a leading global firm, strengthening our balance sheet and broadening our client base."
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